Ethereum leads way as most big cryptocurrencies post drops
Most of the largest cryptocurrencies were down during morning trading on Friday, with Ethereum ETHUSD, -3.12% seeing the biggest move, falling 4.21% to $1,268.46.
Six additional currencies posted decreases Friday. Polkadot DOTUSD, -2.40% fell 3.18% to $6.23, and Bitcoin BTCUSD, -2.87% fell 3.00% to $18,668.92.
Cardano ADAUSD, -2.39% fell 3.00% to 45 cents, while Litecoin LTCUSD, -1.80% shed 2.71% to $51.76. Bitcoin Cash BCHUSD, -1.79% dropped 2.15% to $113.13.
Ripple XRPUSD, 0.57%, which posted the smallest decrease, slipped 0.35% to 48 cents
On the other hand, two cryptos posted increases, with Uniswap UNIUSD, 2.65% seeing the largest rise at 1.54% to $5.79. Dogecoin DOGEUSD, 2.02% climbed 0.52% to 6 cents.
In crypto-related company news, shares of Coinbase Global Inc. COIN, -4.19% fell 4.25% to $60.26, while MicroStrategy Inc. MSTR, -2.51% shed 3.51% to $185.56. Riot Blockchain Inc. RIOT, -3.94% shares declined 6.06% to $5.96, and shares of Marathon Digital Holdings Inc. MARA, -8.60% tumbled 10.08% to $9.46.
Overstock.com Inc. OSTK, -2.18% declined 2.64% to $23.23, while Block Inc. SQ, -0.51% fell 2.12% to $54.74 and Tesla Inc. TSLA, -4.09% fell 4.49% to $275.65.
PayPal Holdings Inc. PYPL, -1.60% dropped 1.81% to $86.07, and Ebang International Holdings Inc. Cl A EBON, -2.18% shares slid 0.40% to 40 cents. NVIDIA Corp. NVDA, -0.71% fell 1.87% to $123.26, and Advanced Micro Devices Inc. AMD, -2.10% dropped 1.81% to $67.77.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK, -2.67% shed 2.85% to $18.25. The Bitwise Crypto Industry Innovators ETF BITQ, -4.18%, which is focused on pure-play crypto companies, shed 5.01% to $6.07. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, shed 2.04% to $11.50.